$7,422 Closing Credit*
$625,000
3,125 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michele R Colavecchi Lawless, Listing Office: RE/MAX Associates-Wilmington
Is Middletown, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Middletown has remained a Seller's Market.
Key Takeaway
Middletown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middletown, DE
How much do homes in Middletown, DE cost?
Median Sold Price
$520,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,923(+5.2%)
Key Takeaway
Homes in Middletown have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Middletown was $520,000 in October 2024, up 5.2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $385K | $410K | +6.5% |
| 3 Bedrooms | $369K | $425K | +15.2% |
| 4 Bedrooms | $595K | $599K | +0.7% |
| 5+ Bedrooms | $650K | $677.9K | +4.3% |
Summary: Middletown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Middletown-Odessa | $467.6K | $494.9K | +5.8% |
| Middletown | $494K | $520K | +5.2% |
Housing Supply in Middletown, DE
How many homes are available in Middletown, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 247 | 237 | -4.0% |
Summary: The Middletown real estate market had 237 homes for sale in October 2024, a 4.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 23 | -4.2% |
| 3 Bedrooms | 110 | 100 | -9.1% |
| 4 Bedrooms | 89 | 86 | -3.4% |
| 5+ Bedrooms | 24 | 28 | +16.7% |
Summary: The Middletown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 47 | -21.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middletown, you may be able to get a good deal. 38.3% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Middletown in October 2024, down by 21.7% month-over-month. Of the 47 sold homes, 38% were sold under asking, 32% were sold at asking, and 30% were sold over asking.
Days on Market for Middletown, DE
How long does it take to sell a home in Middletown, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 40 Days | +45.9% |
Summary: Homes in Middletown had an average of 40 days on market in Oct 2024, up by 45.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middletown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 47 homes were sold in Middletown; 57% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
